Sagicor Financial Corporation

Sagicor Financial Corporation has advised that the Group`s management has commenced a comprehensive organizational restructuring which will result in a number of functions being reorganized or made redundant . Group-wide Sagicor has a staff of three thousand and the company expects that this restructuring will affect less than 10% of its management and staff . Initially forty three positions across the group will be affected . In addition as part of the rationalization of costs in relation to the recent acquisition in Jamaica, an additional sixty five positions will be made redundant in Jamaica and Cayman.